Delaware Advantages

• EASY, FAST INCORPORATION
• LOW COST
• NO STATE INCOME TAX IF THE CORPORATION IS NOT DOING BUSINESS IN DELAWARE
• NO SALES TAX
• NO PERSONAL PROPERTY TAX
• NO INTANGIBLE PROPERTY TAX

• Most Delaware corporations can be formed within minutes and documents are available within 24 to 48 hours.
• Incorporation costs are low.
• Service from the State of Delaware is fast and efficient.
• One person can be the only Officer, Director, and Shareholder.
• No minimum amount of capital is required.
• Delaware state income tax is not levied on corporations which are not doing business in Delaware.
• Annual franchise tax is low (minimum is $175 tax, plus $50 filing fee, total $225).  LLCs pay $300 annually.
• Officers and Directors can be indemnified, limiting their personal liability.
• Corporate books and records may be kept anywhere in the world.
• Non-resident shareholders pay no Delaware tax on shares.
• Shareholders are protected by takeover statue, which limits abusive hostile takeover tactics.
• Directors do not need to be shareholders.
• Delaware corporation law has well-established legal precedent*.
• Delaware courts are respected nationwide for their expertise in corporate matters.
• Voting provisions requiring greater-than-majority approval may be enacted.
• Delaware  allows for conversion of corporate entities - LLCs can convert into corporations and corporations can convert into LLCs!
• Liberal choice of corporate name provisions and ease of reserving corporate name.
• Corporation may pay dividends from profits and surplus.
• Shareholders, directors and/or committee members may act by unanimous written consent in place of formal meetings.
• Directors may be given the power to make and alter by-laws.
• Corporation may hold stocks, bonds or securities of other corporations, real and personal property, within or outside the state, with no limitation as to amount.
• Different kinds of business may be carried on in combination.
• Corporation may fix quorum of board of directors -- not less than one-third of the whole board; two if only two shareholders; one if only one shareholder.
• Voting trusts and voting agreements may be created.
• Generally, stockholder liability is limited to stock held in the corporation.
• Delaware law includes Close Corporation provisions.
• Classes of stock may be issued in series.

* The Delaware Court of Chancery is a court of corporate and business expertise and excellence admired around the world and is the key reason why more than half of all Fortune 500 companies are Delaware Corporations!